Financial Reporting

The Malaysian Accounting Standards Board (“MASB”) has, on 28 June 2011, issued MASB Exposure Draft 75 “IFRS-compliant Financial Reporting Standards” (“MASB ED 75”), which...

In a meeting of National Standard Setters (NSS) in March 2011, the Malaysian Accounting Standards Board (MASB) called for limited amendments to IAS 41...

In January 2006, Malaysian Accounting Standards Board (MASB) issued Exposure Draft ED 50 Agriculture for public comments by professional accounting bodies, regulators, users and...

On 12 May 2011, the IASB has issued IFRS 13 Fair Value Measurement which replaces the guidance on fair value measurement in existing IFRS...

On 12 May 2012, the International Accounting Standards Board (IASB) issued 3 new IFRSs on accounting for consolidation, joint (venture) arrangements and disclosure of...

Further to our blog on “How to determine Realised / Unrealised Profits?”, there are some new developments in the accounting profession and regulator’s directives. Revised...

Hektar Real Estate Investment Trust (REIT) announced its Q3 2010 results yesterday, with some extracts below: Cumulative 3 Quarters Current Preceding     YTD YTD     30.9.2010 30.9.2009 % Revenue Actual revenue - billing 66,837,205 66,182,580 1.0% Revenue under FRS 117 1,059,693 - 100% Total...

There are increasing MASB accounting standards which require the application of fair value accounting and measurement in the financial statements, notable accounting standards include...

On 30 Aug 2010, Malaysian Accounting Standards Board (MASB) announced to defer the effective date of IC Interpretation 15 Agreements for the Construction of...